Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Biodom]

I would like to ask a question to the long term hodlers governing this thread, the ones with the hat: How down do you think the btc/usd price can go before next ATH?

If we assume the 2014 scenario, then 2700 would be the absolute bottom with consolidation in the 3000s before the next rally. We also have the formidable weekly 200 SMA around 3200.

It doesn't portend well, however, that we're down more than at this same point in the 2014 cycle: -80% vs. -77%.

Not sure what do you mean by the "same point". In time?
Overall 2013-2015 decline was 1160 (bitstamp) to 171 (coinmarketcap data) or 85%.

So far, this cycle it is 19873 to 4035 (lowest), which is about 80% (79.7%).
Right now, it is 78.8% (still much lower than 85% in 2013-2015).

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[JayJuanGee]

Bitpay CCO tell us bitcoin price by the end of 2019.
https://cointelegraph.com/news/bitpay-coo-sonny-singh-bitcoin-could-hit-15-20k-by-end-of-2019

I thought that Bitpay has lost a decent amount of credibility in the bitcoin space - so would there be a reason that we would give much credence (or attention) to what the CCO is saying regarding BTC price dynamics.  Any justification to pay any attention to the guy?

By the way, I might be living in a bit of a fantasy, but I would not mind a significant amount of shorts getting rekt about now.. maybe $500 upwards, yet $1k would be nicer. 

I understand that a lot of HODLers are wishing similar, so difficult to see it happen... Actually $2,300 would be even nicer, to bring BTC prices back to $6,500 within the next day or two (weekend pump) - but then likely we would have large corrections if that were to happen.  BTC might not be ready, just yet, for those kinds of pumps.. Seems as if prices have to meander in down channels for a while (even a week or two might be enough) in order for the buy support to become more likely to happen and meaningful, if it were to happen...  otherwise, seems like just wishing for a bullwhale angel, and those never seem to happen until new bottom(s) gets tested numerous times.

[Toxic2040]

1h



W

[JayJuanGee]

There Will be Some NEW fomo buying
But when Will the BULL be unleashed

The question isn't if there will be a new bull market, or even when. It's How far will we plummet before it starts? How many of us will be ruined to make way for the new winners?

Why can’t you just HODL until the next bull run starts? Most of us here are already sitting on huge profits even at the current price. Now is a time for calm heads & accumulating MOAR coins.

Indeed when you have coins.... Then your not really ruined ever only temporarily when you compare to your FIAT value if you paid your BTC more expensive as they are now....
But been Said 1000xTIMES its not a get rich overnight kind of deal, if you got money to pay the bills, eat and drink have Some Fun time .... Then whats the problem?

That’s my situation mic!
Last year I had the fucking time of my life to be honest. I didn’t sell any of my actual bitcoin’s (the one’s I bought) but trust me I fucking enjoyed pissing all the free BCH & BTG up the wall. I visited countries I’ve never been to before, I partied like a 21 year old, fuck it was fun.

Now all that’s over I still have all of my bitcoin’s & they’re worth $4,000 each where as before they were worth $1,000 each (and below).

2021 or 2022 is the golden year gentlemen, HODL & you WILL be rewarded.

I could not really bring myself to sell my BTG - and maybe that was a bit short-sighted - so I still hold all my BTG.

My excuse that I was hoping for more than 3%.. and I think that there was a pump period that they bounced between 3% and 5%, but I recall that I had not yet split my coins (meaning my BTG) during that period.. and I think after I split my BTG, they have not gone above 2% for any significant period of time.. .so mine just sit there and seem mostly irrelevant at less than 1%.... Doesn't matter a whole hell-of-a lot to me, if they go to zero before I take selling action, if I do decide to, some day.

[El duderino_]

^
still have my worthless BTG as well

[gembitz]

1h



W

timberrrrrrrrr $2500 soon :-D weeeeeeee

[JayJuanGee]

Theymos said a few weeks back something to the effect that If there is any price at which you would be ruined, it might be a good idea to assume we will reach it. And thus and so I'm concerned. I'm trying to not show it, for the kids and for Jimbo and because the cock bug will laugh at me. But I'm concerned.

That’s too bad. So you sold all your coins?

I'm not sure I like you.

QA is not a bad peep, but he does seem to enjoy stirring shit from time to time, and surely sometimes he seems to focus on the "wrong stuff", but hey, that's only human, right?  

Aren't most of us (the real ones, at least... and probably the bots too, since humans program them) bags of walking contradictions, and someone once said something about the foolishness of consistency, too.....

[JayJuanGee]

Time for new material roach. You are just repeating yourself.

What else is new?

You are repeating yourself (and many others, here) by recognizing that puggy bug to be repetitious.

[Hueristic]

I HATE THIS FUCKING WORLD, EVERYTHING REVOLVES AROUND FUCKING MONEY.  WHY THE FUCK CANT WE JUST ALL SHARE THE FUCKING RESOURCES FOR BASIC SURVIVAL.  WHY SHOULD A FUCKING MARKET DETERMINE IF SOMEONE GOES HOMELESS. FUCKING ALL THE LAND IS OWNED BY FUCKING BILLIONAIRES , HOW THE FUCK CAN YOU OWN LAND IT SHOULD BE FREE WE WERE BORN ON EARTH.  JESUS FUCKING CHRIST THE POOREST PEOPLE ARE THE HARDEST WORKERS. THIS LIFE IS FUCKED GLOBAL WARMING KILLING US ANYWAYS.

Everything goes around money because of TPTB. Google more about it.

The main problem is people do not seem to have the ability to be happy with having enough, they seem to need what others have.
Maybe it is a basic survival trait that we have not evolved beyond yet?
The vast majority seem to not be able to see beyond their own lifespan or possibly their grandchildren's but just don't make choices with the race as a whole in mind beyond a few generations.

[HairyMaclairy]

This pennant needs to resolve.  More likely to go down than up but probably will just break sideways and make a new pennant.  Market is currently balanced.   Yellow line is long term bear trend line representing upper barrier to any rally.  

[El duderino_]

[jojo69]

Yes. There is lots of bad guy and fucker price now 4350. We need good heart but not fucker money. Despicable things is no good heart.

slow clap

[Toxic2040]

This pennant needs to resolve.  More likely to go down than up but probably will just break sideways and make a new pennant.  Market is currently balanced.   Yellow line is long term bear trend line representing upper barrier to any rally.  

Where did you anchor to get that "long term bear line"?  Just curious.  I think we will flat over most of the rest of this weekend and most of the coming week. However...part of me expects a moderate pump to come along soon as there are futures to close out soon.

#btfd's

[JayJuanGee]

GOOGLE TRENDS BITCOIN INTEREST HITS 6-MONTH HIGH

https://bitcoinist.com/google-trends-bitcoin-price-6/

Are you trying to say that bitcoin prices are going to go up sometime soon?  Or do you have some other point? 

In other words, do you have any assessment of this particular data that you provided above?

[HairyMaclairy]

Same chart zoomed out showing bear line.  Purple line is long term support from cryptowinter which we broke (ahead of schedule) before our latest drop.  We really should have waited until December before breaking it. 

[HairyMaclairy]

This shows the price is currently a bit lower than it should be in this part of the cycle.  Perhaps we are front running 2014 which would make sense. 

[Wekkel]

A bit strange but made me think: https://www.epsilontheory.com/whats-your-metagame-an-open-letter-to-the-crypto-community/

[gentlemand]

The main problem is people do not seem to have the ability to be happy with having enough, they seem to need what others have.

Indeed. I'm rather taken by that wispy negligee you're wearing. I'll wait until you're asleep before making my entry and claiming it.

[goldkingcoiner]

The main problem is people do not seem to have the ability to be happy with having enough, they seem to need what others have.

Indeed. I'm rather taken by that wispy negligee you're wearing. I'll wait until you're asleep before making my entry and claiming it.

I already called dibs.

[gentlemand]

I already called dibs.

You will remain in that giant nappy and leather baby bonnet of yours. I'll be round for that afterwards. Yield to me or events will become unfortunate.